StockNews.com Begins Coverage on Qurate Retail (NASDAQ:QRTEA)

Research analysts at StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Performance

Qurate Retail has a 12 month low of $0.31 and a 12 month high of $1.80. The firm has a market capitalization of $138.54 million, a P/E ratio of -0.49 and a beta of 2.69. The business’s fifty day simple moving average is $0.36 and its 200-day simple moving average is $0.47. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Institutional Investors Weigh In On Qurate Retail

Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Qurate Retail in the third quarter valued at about $714,000. Hestia Capital Management LLC acquired a new stake in shares of Qurate Retail during the 4th quarter valued at approximately $713,000. Geode Capital Management LLC lifted its position in shares of Qurate Retail by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after acquiring an additional 168,109 shares during the period. Victory Capital Management Inc. lifted its position in shares of Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after acquiring an additional 114,736 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after acquiring an additional 25,862 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

About Qurate Retail

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.